The U.S. equity markets hit a stumbling block in September, as economic concerns finally overwhelmed the artificial intelligence (AI)-driven euphoria that sparked a historic first-half rally. Now, analysts are predicting the U.S. economy might remain sluggish as inflation remains elevated, resulting in lower consumer demand.
In an interview with Fox Business last week, Jeffrey Gundlach warned, “I think the economy is going to hit a wall in the next six or eight months or so, and there's going to be a real shutdown in consumer activity due to all of these interest payments that have to be made.”
